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Caitlin is a co-op student. She invested her work-term earnings of $10,000 at 4% simple interest, paid annually. She intends to use the money in

Caitlin is a co-op student. She invested her work-term earnings of $10,000 at 4% simple interest, paid annually. She intends to use the money in a few years to take a dream vacation with a friend. (a) How long will the investment take to grow to a future value of $12,000? (b) Determine Caitlins rate of return.

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